Cash

PMMF

iShares Prime Money Market ETF

  • NAV as of Apr 25, 2025 $100.36
  • 1 Day NAV Change as of Apr 25, 2025 0.01 (0.01%)
  • 7-day SEC Yield as of Apr 25, 2025 4.29%
  • Fees as stated in the prospectus Expense Ratio: 0.20%

Overview

Why PMMF?

1. Money market investment: Allows investors to diversify their cash beyond traditional deposit accounts, while adhering to the strict SEC money market rules under Rule 2a-7.*

 

2. Choice: As one of the industry's first money market ETFs, PMMF provides similar exposure as traditional money market funds, offering investors choice and flexibility in how they manage their cash.

 

3. Combined expertise: Leverage BlackRock’s ETF expertise, backed with decades of cash management experience.

 

 

*Rule 2a-7, under the Investment Company Act of 1940, as amended, is the principal rule governing money market funds.

INVESTMENT OBJECTIVE

The iShares Prime Money Market ETF seeks as high a level of current income as is consistent with liquidity and stability of principal.
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Performance

Performance

Distributions

Record Date Ex-Date Payable Date
View full table
Record Date Ex-Date Payable Date Total Distribution

Premium/Discount

View full chart

The daily Mark-to-Market Net Asset Value (“MTM NAV”) chart is provided in accordance with the Securities and Exchange Commission’s Rule 2a-7 of the Investment Company Act of 1940. The Mark-to-Market NAV value should not be viewed as indicative of future MTM NAVs or the future performance of any of the funds and should not be relied upon for purposes of making an investment decision. The MTM NAV may change from day today. Values in the chart above represent the actual fund MTM NAV and are rounded to 4 decimal places, which could cause chart variances

  1y 3y 5y 10y Incept.
Total Return (%)

as of Mar 31, 2025

- - - - -
Market Price (%)

as of Mar 31, 2025

- - - - -
After Tax Pre-Liq. (%)

as of Mar 31, 2025

- - - - -
After Tax Post-Liq. (%)

as of Mar 31, 2025

- - - - -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%)

as of Mar 31, 2025

- 0.37 - - - - - - 0.66
Market Price (%)

as of Mar 31, 2025

- 0.35 - - - - - - 0.69
After Tax Pre-Liq. (%)

as of Mar 31, 2025

- 0.26 - - - - - - 0.55
After Tax Post-Liq. (%)

as of Mar 31, 2025

- 0.22 - - - - - - 0.39
Performance data is not currently available
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. The fund's investment advisor may, from time to time, voluntarily waive a portion of its fees. Performance shown reflects these fee waivers and would be lower without such waivers. BFA may discontinue voluntary waivers at any time without notice.
Performance chart data not available for display.
Performance chart data not available for display.

Key Facts

Key Facts

Net Assets of Fund
as of Apr 25, 2025
$178,635,491
Exchange
NYSE Arca
Shares Outstanding
as of Apr 25, 2025
1,780,000
Premium/Discount
as of Apr 25, 2025
0.01%
Closing Price
as of Apr 25, 2025
100.37
30 Day Median Bid/Ask Spread
as of Apr 25, 2025
0.02%
Fund Launch Date
Feb 04, 2025
Asset Class
Cash
Distribution Frequency
Monthly
CUSIP
09290C756
30 Day Avg. Volume
as of Apr 25, 2025
55,898.00
Daily Volume
as of Apr 25, 2025
47,917.00

Regulatory Links
> Public Filings
> Form N-MFP

Portfolio Characteristics

Portfolio Characteristics

Weighted Average Maturity
as of Apr 25, 2025
26 days
Daily Liquidity Assets %
as of Apr 25, 2025
46.4%
Equity Beta (3y)
as of -
-
Standard Deviation (3y)
as of -
-
1-day Yield
as of Apr 25, 2025
4.30%
7-day Yield
as of Apr 25, 2025
4.29%
7-day SEC Yield
as of Apr 25, 2025
4.29%
30-day Yield
as of Apr 25, 2025
4.30%
30-day SEC Yield
as of Apr 25, 2025
4.30%
Weighted Average Life
as of Apr 25, 2025
98 days
Weekly Liquidity Assets %
as of Apr 25, 2025
50.3%
12m Trailing Yield
as of Mar 06, 2025
-
Net Shareholder Flows
as of Apr 22, 2025
-$9,028,911
Unsubsidized 1-day Yield
as of Apr 25, 2025
4.30%
Unsubsidized 7-day Yield
as of Apr 25, 2025
4.29%
7-day Unsubsidized SEC Yield
as of Apr 25, 2025
4.29%
Unsubsidized 30-day Yield
as of Apr 25, 2025
4.30%
Unsubsidized 30-day SEC Yield
as of Apr 25, 2025
4.30%

This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

The daily shareholder flows data is provided in accordance with the Rule 2a-7 of the Investment Company Act of 1940. If there are no or net zero daily shareholder flows for a given business day, the chart will not reflect a data point for that business day.

Fees

Fees

as of current prospectus
Management Fee 0.20%
Acquired Fund Fees and Expenses 0.00%
Other Expenses 0.00%
Expense Ratio 0.20%

The amounts shown above are as of the current prospectus, but may not include extraordinary expenses incurred by the Fund over the past fiscal year. Amounts are rounded to the nearest basis point, which in some cases may be "0.00".

Ratings

Holdings

Holdings

Ticker Name Type Sector Asset Class Market Value Weight (%) Notional Value Shares CUSIP ISIN SEDOL Price Location Exchange Currency FX Rate Maturity Accrual Date
Detailed Holdings and Analytics
Holdings are subject to change.


The values shown for “market value,” “weight,” and “notional value” (the “calculated values”) are based off of a price provided by a third-party pricing vendor for the portfolio holding and do not reflect the impact of systematic fair valuation (“the vendor price”). The vendor price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). Holdings data shown reflects the investment book of record, which may differ from the accounting book of record used for the purposes of determining the Net Assets of the Fund. Additionally, where applicable, foreign currency exchange rates with respect to the portfolio holdings denominated in non-U.S. currencies for the valuation price will be generally determined as of the close of business on the New York Stock Exchange, whereas for the vendor price will be generally determined as of 4 p.m. London. The calculated values may have been different if the valuation price were to have been used to calculate such values. The vendor price is as of the most recent date for which a price is available and may not necessarily be as of the date shown above.

Please see the “Determination of Net Asset Value” section of each Fund’s prospectus for additional information on the Fund’s valuation policies and procedures.

Exposure Breakdowns

Exposure Breakdowns

as of Apr 24, 2025

% of Market Value

Type Fund

Sector exposure is calculated by aggregating the percent par of individual securities in the portfolio by security type. BlackRock uses a proprietary process to determine the security type of individual securities, by conducting a thorough analysis of the issuer/obligor, including but not limited to any support providers or enhancers. The values reported include cash, accrued income, and/or payables/receivables which may result in negative weightings from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds). Allocations are subject to change.

Allocations are subject to change.

Portfolio Managers

Portfolio Managers

Eric Hiatt, CFA, FRM
Eric Hiatt, CFA, FRM
Managing Director, Portfolio Manager

Eric D. Hiatt, CFA, FRM, Managing Director and portfolio manager, is the Head of U.S. Portfolio Management for Cash Management within BlackRock Global Markets.

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Eric D. Hiatt, CFA, FRM, Managing Director and portfolio manager, is the Head of U.S. Portfolio Management for Cash Management within BlackRock Global Markets. As a member of BlackRock Global Markets, he contributes to the development and implementation of investment strategy and serves as portfolio lead for the U.S. Prime funds, Collective Trust Funds and securities lending cash collateral.

 

Prior to joining BlackRock in 2012, Mr. Hiatt was a Senior Portfolio Manager at Dwight Asset Management Company where he was responsible for generating and directing tactical trading for the money market and ultra-short duration desk. Prior to joining Dwight in 2009, Mr. Hiatt was a Senior Portfolio Manager at Lehman Brothers Asset Management where he spent six years assisting in the development of portfolio strategy and implementation of investment objectives for global cash management team. Previously, he spent five years as a trader and assistant portfolio manager for Opus Investment Management. Mr. Hiatt began his career as an analyst in the Treasury group for Eastern Enterprises, a utility holding company, in 1997.

 

Mr. Hiatt earned a BS in finance from Bentley University in 1997 and an MBA from Boston College's Carroll School of Management in 2006.  He is a member of the CFA Institute and the Global Association of Risk Professionals.

Edward Ingold, CFA
Edward Ingold, CFA
Director, Portfolio Manager

Edward C. Ingold, CFA, Director and portfolio manager, is a member of the Cash Management team within BlackRock Global Markets.

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Edward C. Ingold, CFA, Director and portfolio manager, is a member of the Cash Management team within BlackRock Global Markets. His primary responsibility is managing U.S. liquidity portfolios, including retail and institutional money market funds.

 

Mr. Ingold assumed his current responsibilities in 2006. Previously, his responsibilities included managing short-term US fixed income portfolios for corporate, financial, and insurance clients. Prior to joining the Cash Management Group, he was a member of BlackRock's Trade Operations Group.

 

Previously, Ms. De Lorenzo was a portfolio specialist for BlackRock’s Separately Managed Accounts business within Multi-Asset Strategies (MAS). In this role she partnered with Financial Advisors and Financial Professionals to provide customized portfolios and wealth management solutions for high net worth and institutional clients.

 

Before joining BlackRock in 2001, he was with Alliance Capital Management as an account manager. Mr. Ingold is a member of the New York Society of Security Analysts, the CFA Institute and the CFA Society of Philadelphia.

 

Mr. Ingold earned a BS degree in Business Administration with concentrations in Finance and Accounting from Rowan University in 1994.

Murdoch Johnson
Murdoch Johnson
Director, Portfolio Manager

Murdoch M. Johnson IV, Director and portfolio manager, is a member of the Cash Management team within BlackRock Global Markets.

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Murdoch M. Johnson IV, Director and portfolio manager, is a member of the Cash Management team within BlackRock Global Markets. His primary responsibility is managing U.S. liquidity portfolios.

 

Mr. Johnson’s service with the firm dates back to 2006, including his years with BofA Global Capital Management, which merged with BlackRock in 2016. At BofA GCM, Murdoch was Senior Trader where he spent seven years trading for Liquidity Portfolios which includes U.S. Money Market Funds, separately managed accounts, offshore Dollar and Euro funds. Previously, he spent three years trading for Columbia Management on their Core Fixed Income team trading taxable securities.

 

Mr. Johnson earned a B.S. in Mathematics from Framingham State College in 2003.

Literature

Literature

 

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READY TO INVEST?

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Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal.

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